Wartsila (OTCMKTS:WRTBY) Announces Quarterly Earnings Results

Wartsila (OTCMKTS:WRTBY) posted its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion.

Wartsila Stock Up 0.2%

OTCMKTS:WRTBY opened at $5.89 on Thursday. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 22.65 and a beta of 1.16. Wartsila has a one year low of $5.80 and a one year high of $9.49. The stock has a 50-day simple moving average of $6.56 and a 200 day simple moving average of $7.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Wartsila has a consensus rating of “Reduce”.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.